The bank provided the developer with a $500 million financing backed by four Manhattan properties, according to documents filed with the Tel Aviv Stock Exchange. The two-year loan is backed by shares in Barnett’s $4 billion supertall, the Central Park Tower, and will serve to refinance three development sites in Midtown and Harlem.

Of the total, $332 million will go towards refinancing the three properties: the Pathmark Site in Harlem, which Barnett assembled for $70 million in 2014; a development site at West 54th Street and Seventh Avenue; and a 10-parcel assemblage at 251 West 45th Street.

A second portion of the debt, $70 million, will be reserved for paying down the interest on the loan, at a rate of 5.15 percent over Libor. The remaining $99 million will serve as an open credit line available for use as Extell sees fit.

This financing provided Extell with an additional $66.7 million in cash (not including the line of credit), according to the TASE documents.

Extell’s bonds shot up 7 percent in Tel Aviv on Thursday in response to news of the loan. Extell reported the negotiations for the loan in April, and at the time, noted that the proceeds of the loan would be used make bond repayments due in December. The developer did not identify the lender at the time.

The deal comes on the heels of another sizeable financing. Last month, Extell closed on a $530 million loan for its development at Brooklyn Point, which included a $125 million mezzanine loan from RXR Realty.